At 6pm, the local note appreciated to 4.0690/4.0735 against the greenback from Thursday’s close of 4.0780/4.0830.At 6pm, the local note appreciated to 4.0690/4.0735 against the greenback from Thursday’s close of 4.0780/4.0830.
Ringgit closes higher on positive Asian currency sentiment
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KUALA LUMPUR: The ringgit ended the week higher against the US dollar, supported by stronger Asian currencies after softer-than-expected US non-farm payrolls (NFP) data.
At 6pm, the local note appreciated to 4.0690/4.0735 against the greenback from Thursday’s close of 4.0780/4.0830.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the latest NFP data was the main catalyst, as the figure came in below expectations, suggesting that the US Federal Reserve will not rush to raise its benchmark interest rate.
MORE TO COME
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